The reasons for recent changes, downgrades, can be seen
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The reviews seem, believing on what is stated in their web pages, to be based
on the time delay to get external help, given the call for a general election on June 5, 2011.
Two different views from Portuguese politicians on this.
On the one hand, the statement by the President of Republic that current Government still has enough powers to ask for external help (in case of need), and the statement by the main opposition leader that will support and honor (if they win the elections, of course) an eventual request for external help by the current Government.
On the other hand, current Government officials have been saying they do not have enough power to ask for external help.
How much of this difference in views by politicians influences ratings? Should it? Say, if all parties agree that current Government has enough powers on the ability to seek external help, but it is limited in creating new public expenditure until a new Government enters office, would that lead to a reversal in ratings? if not, then other factors must be driving such harsh cuts in ratings.